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Weekly Round-Up
Bankers Petroleum sees steady production from Albania operations
13 November 2009
Bankers Petroleum, the Canadian oil and gas group with production assets in Albania, saw a slight dip in production during the third quarter as work was carried out on water disposal infrastructure.
Production averaged 6,258 barrels of oil per day compared to 6,383 barrels in the previous quarter. Current production is averaging 7,100 bopd, with 350 bopd being shut-in pending well servicing.
As a result, quarter-on quarter revenue increased by 17% to $23.4 million and net operating income increased 33% to $9.3 million.
Industry Sector
Oil & Gas Exploration & Production
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Round-Ups
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Mining Week: 12 March
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Oil & Gas Round-Up: 5 March 2009
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Oil & Gas Round-Up: 29 January
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Mining Week: 29 January
29 January 2010
Popular
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Investor view: Why I am still backing Nighthawk Energy
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Mercator Gold secures more cash for project work
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Ithaca Energy agrees provisional production contract for Athena field
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